Auryn Resources (NYSEAMERICAN:AUG) Raised to “Strong-Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Auryn Resources (NYSEAMERICAN:AUG) from a hold rating to a strong-buy rating in a research note issued to investors on Monday morning, reports. They currently have $2.00 target price on the stock.

According to Zacks, “Auryn Resources Inc. is a mining exploration, acquisition and development company. Its project primarily includes the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC. Auryn Resources Inc. is based in Vancouver, Canada. “

NYSEAMERICAN AUG traded up $0.01 during trading on Monday, hitting $1.63. 3,342 shares of the company’s stock were exchanged, compared to its average volume of 142,703. Auryn Resources has a fifty-two week low of $0.85 and a fifty-two week high of $1.84.

Auryn Resources (NYSEAMERICAN:AUG) last issued its earnings results on Wednesday, May 15th. The company reported ($0.02) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.03.

A hedge fund recently raised its stake in Auryn Resources stock. Ingalls & Snyder LLC lifted its position in shares of Auryn Resources Inc (NYSEAMERICAN:AUG) by 0.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,610,000 shares of the company’s stock after purchasing an additional 15,000 shares during the period. Ingalls & Snyder LLC owned about 3.82% of Auryn Resources worth $5,328,000 as of its most recent filing with the Securities and Exchange Commission.

About Auryn Resources

Auryn Resources Inc, a junior mining exploration company, engages in the acquisition, exploration, and development of mineral resource properties. Its principal mineral properties are the Committee Bay gold project located in Nunavut, Canada and the Homestake Ridge project located within the Iskut-Stewart-Kitsault belt, in northwestern British Columbia.

Featured Story: How do taxes affect a CDs total return?

Get a free copy of the Zacks research report on Auryn Resources (AUG)

For more information about research offerings from Zacks Investment Research, visit

Receive News & Ratings for Auryn Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Auryn Resources and related companies with's FREE daily email newsletter.


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit